The PAYG system has the potential to cost businesses more in terms of cash flow than its cousin, the GST. Yet there has been significantly less publicity about the PAYG. Cash flow budgeting and planning will take on a much greater importance in the coming years and businesses and their advisers will need to understand the operation of the PAYG system and the transitional provisions. This paper offers guidance through the complexities of the new system and provides practical case studies and examples to help tax practitioners prepare their clients for PAYG.
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